Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Don Reed and David Burrows commented about whether IUC-T, PWF-T, GAC-T, WTO-T, CTC.A-T, JDU-T, LB-T, NA-T, CM-T, BNS-T, TD-T, RY-T, BMO-T, QRVO-Q, CASH, RUS-T, CUX-T, PJC.A-T, PKX-N, SNE-N, N-T, VOD-Q, RD-N, AL-T, CEO-N, PTR-N are stocks to buy or sell.
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BUY
An oil company, but there is also a chemical component in this company. As the price of oil advances, that is going to help the advances of oil stocks. Chinese economy is likely to grow at an 8/8.5% for the next decade on a compound basis. Good opportunities. Prefers China National Offshore Oil Company i.e CNOOC (CEO-N).
integrated oils
WATCH
There was a lot of scepticism about a Canadian company buying American assets, but they are very good at managing assets. Basically they have taken underperforming stores and they have a big job to integrate the organizations. They are part way along in the process. If they can show that they can improve sales/margins, interest in the stock will pick up.
department stores
DON'T BUY
The steel stocks as a group have reversed down on his quantitative models which tells him that the risk level is rising. There is risk in this area. For now, they are into consolidations, seasonally these companies can have a consolidation through the summer. Could trade sideways or drop further.
steel
TOP PICK
For the last 8 weeks, there has been a distinct lack of leadership and the strength that had been in metals and energy isn't as prevalent and there hasn't been anything to take its place. We're 31 months into this cyclical bull market. That's getting long in the tooth without having some kind of meaningful correction. Cash is 20% in Canada and 40% in the US.
0
DON'T BUY
Semi-conductor group has underperformed. Has been a lot of damage to a lot of stocks. The basic issue is that there is not a lot of pricing power. Demand for semi-conductors are expected to be lower this year. Only 30% of companies are trending higher meaning there are not a lot of buyers and that the sell off is getting to lower levels. Would prefer a company thet is trading against the highs in a very weak sector.
electrical
electronic
